Baltimore Metro sees highest March-level sales total since 2007
Posted on April 10, 2014 by Corey Hart
Apr

10

2014

New listing activity increases for 12th month in a row; Prices essentially flat compared to last year

OVERVIEW

The Baltimore Metro Area continued to see winter weather well into March, but buyers and sellers in the region were less affected by it than earlier in the year.  Both buyer and seller activity improved from last March and the number of closed sales, active listings and new listings increased from this time last year.  Closed sales increased 4.6 percent, with gains seen in each property segment.  The number of new contracts declined by 1.3 percent from March 2013, but remained higher than the March-level for the six preceding years. 

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baltimore metro, market analysis, press release
Highest February-level median sales price in five years in Baltimore Metro
Posted on March 10, 2014 by Corey Hart
Mar

10

2014

Increase in closed sales despite winter weather

OVERVIEW

February was another unusually cold and snowy month in the Baltimore Metro Area, but the weather had less of an impact on activity in the housing market than in January.  The number of closed sales increased 5.9 percent from last February, with increases in all property segments.  But the number of new contracts signed in February fell 1.7 percent from last year, driven by declines in townhomes and single-family detached homes.  While buyer activity was mixed, seller activity continues to improve as compared to the prior year.  New listings increased 2.3 percent and continued to contribute to increases in active listings.  There were 10,107 active listings at the end of February, 7.4 percent more than the same time last year.  Despite this increase, inventory remains low and is only half of its 2008 peak level.  The tight inventory may be playing a role in price growth and the median sales price for the region increased 7.6 percent from last year.  As the weather improves, both buyers and potential sellers may be more inclined to enter the market.

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baltimore metro, market analysis, press release
Inventory gains continue in January in the Baltimore Metro area
Posted on February 10, 2014 by Corey Hart
Feb

10

2014

Winter weather dampens buyer activity; Inventory gains across all property segments

OVERVIEW

The Baltimore Metro Area was off to an unusually cold and snowy start, likely affecting buyer activity in the region.  Closed sales decreased 2.0 percent from last January driven by declines in single-family detached home and townhome sales.  New contracts increased modestly from last year, rising 1.6 percent.  Seller activity continues to improve and both active listings and new listings increased from January 2013.  Active listings rose 6.0 percent from this time last year, led by active listings for single-family detached homes.  Inventory has now risen from the prior year for four consecutive months.  Even with this increase, supply remains tight and is only 49.3 percent of its 2008 peak level.  New listings increased 3.7 percent from last year which is a milder increase than in prior months.  The median sales price in the region increased 0.4 percent from last January, led by growth in condo properties and townhomes.  While sellers are returning to the market, weather may dampen buyer activity in the remaining winter months.

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baltimore metro, market analysis, press release
Baltimore Metro home prices were up 4.3 percent in 2013
Posted on January 09, 2014 by Corey Hart
Jan

09

2014

Cumulative 2013 sales up 14 percent over the 2012 total

OVERVIEW

As 2013 comes to a close, the housing market in the Baltimore Metro Region continues to improve.  For the 2013 calendar year, the total number of sales in the region increased 13.8 percent from those in 2012 and the median sales price increased by 4.3 percent.  All jurisdictions in the region had a higher median sales price in 2013 than in 2012.  In December, the region recovered from the slowdown that occurred in November due largely to the shutdown of the Federal Government.  Closed sales increased 11.3 percent from last December and 6.4 percent from last month.  This increase in closed sales from November does not follow typical seasonal patterns as this change is generally flat.  The increases in closed sales as compared to both last year and last month indicate that the low level of sales in November was anomalous and not part of a larger trend. 

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baltimore metro, market analysis, press release

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